Dave Ramsey Says Stop Whining About the Housing Market

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[justinshearer]

Housing prices have gone up at a much faster rate than the average salary and that's the problem

[dankbreh]

Im curious. What happens to society when Teachers, Nurses, First Responders, Grocery store employees, and Sanitation workers can no longer afford to live in an area?

[Sable]

This is the kind of stuff that makes me want to quit watching Ramsey. He is so out of touch with the struggles of everyday Americans.

[theburnetts]

Dave has no understanding of reality. At the beginning of the video he mentions that his parents bought a house in 1963 for $12, 230. In 1963 the median household income in the US was $6200 per year. So the house his parents bought cost about twice the median income for that year. He also mentions that today that house is worth about $400k. And today the median household income is about $74k. So that house his parents bought went from costing about 2 times the US median household income to 5.4 times the US median household income. And later in the video he talks about how not everyone can afford to live in downtown Manhattan. His point is that sometimes there are certain places where the housing is just so expensive that you have to go move elsewhere. He is right. However the problem is that in many, many areas of the country there is no other affordable place to live. For example - if you are a family that has a household income of $85, 000 and you are currently renting and living in the suburbs of Washington, DC there literally are NO homes that you can afford within a 100 mile radius. And once you do look far enough away to find a home you can afford then you have to move to a more rural area. And guess what? There are no jobs in that area where you can still make $85, 000 per year. But Dave doesn't want to hear it because he is still living in the past. I don't know why he doesn't want to admit that this is a real problem and that it is fundamentally different than things have been in the past.

[TR-xbih]

dave ramsey is ridiculously out of touch with reality. this is not 1997 anymore dave.

[spdog]

Stop gaslighting us.. housing prices have gone up wayyy more than what is “normal”. This is statistically proven, not just sentiment. I do agree that we can’t live in victimhood about it, just gotta try harder to make more money and deal with it…

[paulac]

Easy to say to stop whining about the housing market when wages are stagnant but housing and rent keeps increasing. Just saying.

[steve]

Dave is sometimes completely unhinged from reality. We are not making it up, houses are extremely expensive relative to earnings. It’s a fact.

[Elizabeth_lowkeyluxuries]

Dude, I bought my home 4 years ago and it has already doubled in value. I live in a smaller Midwestern city, if I had waited to put 20% down on a 15 year note, I would not be able to afford the apartment i was in or the home I'm in now. It is crazy. 4 YEARS. Not 4 decades.

[karoosten]

We closed right before the pandemic hit. Had we not, we would never be able to afford this. Our home jumped 200k in value. Income has increased 1.5-2%. The math doesn’t check out.

Edit to update: it’s over 400k more now! 🤯 this can’t possibly be right.

[BrianCassidy-hbpg]

Break News... Old man sitting on a portfolio of rental properties tells those paying him rent to shut up and stop moaning.

[zachcothern]

A millionaire is out of touch with the average working man. What a shocker.

[WebFuture]

Rich guy says: stop whining about rich people owning everything and shut up and work and die poor while we party. What a surprise!!!

[Logangil]

The co-host is the biggest “yes man” in the entire world

[beaniemac]

I live in an affordable home I bought in 2015, and I think Dave is full of 💩 with this nonsense.

[Ravetar]

If Dave was the exact same person but born in 2000 he would be screwed today.

[markg]

I'm just glad we bought in late 2015 our 290k house would go for high 600s now. Our income has gone up but nowhere near 100%

[Ryan_DeWitt]

Dave is just mad that with the current market, his formulas which haven't been updated since the early 90's no longer are practical for the majority of people.

[PrimitiveAK]

Imagine being some finance expert but you’re this out of touch with reality 😂

You boomers really have no idea how easy you people had it compared to now.

[WildcatsandBourbon]

My wife and I make $150k a year. It will still take us 3-4 years to save up a 20% down payment to buy an average house in our area. Most of our friends are making closer to 70k together. With rents at 2k for a 2 bedroom apartment not in the Hood it’s freaking hard to save for a down payment. Out of touch Dave